Introduction to Strategies

Strategies
are synthetic spread instruments where the legs are options, futures,
or spreads. Strategies are created on the exchange and are exchange-traded
instruments. The price differential between the legs is guaranteed.

Notes:

Strategy creation is
not available when running X_TRADER in simulation mode. However,
you may access and trade all strategies that exist in the production
markets.

When enabled, the Hide New Contracts property
blocks new strategies from automatically appearing in the Market
Grid when they are released. This property is enabled via the global
properties Trading tab.

When creating volatility
strategies, do not assume a sign on the delta. You must include the
sign when creating this strategy.

The sign of the delta indicates
whether you are buying or selling the underlying. + Buying / - Selling.
Delta in this context acts as a hedge ratio and declares the number
of futures that must be bought (or sold) to offset the risk of the
options position.

The Create
Strategy window allows you to quickly create and deploy strategies.
You can launch the Create Strategy window from the X_TRADER Control
Panel by selecting the button, Market Explorer, or the Market
Grid right-click context menu. You can also launch the Create
Strategy window by selecting Create Strategy from the
X_TRADER Control Panel Window menu.

Seeding Contracts

There are several ways to seed contracts
into the Create Strategy window. For example, you may...